Lehigh Valley Health Network
- Assets
- $42.3m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Allentown, PA
- Founding
- 06/1984
- Data as of
- 06/2022
- EIN
- 22-2458317
Organization Overview
Lehigh Valley Health Network is located in Allentown, PA. The organization was established in 1984. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lehigh Valley Health Network is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lehigh Valley Health Network generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE HEAL, COMFORT, AND CARE FOR THE PEOPLE OF OUR COMMUNITY BY PROVIDING ADVANCED AND COMPASSIONATE HEALTH CARE OF SUPERIOR QUALITY AND VALUE SUPPORTED BY EDUCATION AND CLINICAL RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEHIGH VALLEY HEALTH NETWORK (LVHN) IS THE PARENT ORGANIZATION CONTROLLING AND DIRECTING THE ACTIVITIES OF ITS SUBSIDIARIES. LVHN ACCOMPLISHES THIS THROUGH ITS BOARD OF TRUSTEES WHO APPROVES AND DIRECTS ALL SIGNIFICANT FINANCIAL, LEGAL AND ORGANIZATIONAL ISSUES OF LVHN AND ITS SUBSIDIARIES. THE LVHN BOARD OF TRUSTEES APPOINTS THE BOARD MEMBERS OF EACH OF LVHN SUBSIDIARIES. THE SUBSIDIARY BOARDS ARE RESPONSIBLE FOR QUALITY CONTROL AND OTHER OPERATIONAL TYPE ISSUES.SUBSIDIARY ORGANIZATIONS INCLUDE HOSPITALS, PHYSICIAN PRACTICES, AND OTHER HEALTHCARE-RELATED ORGANIZATIONS.SUBSIDARY HOSPITAL ORGANIZATIONS OPERATE 14 HOSPITAL LOCATIONS ACROSS PENNSYLVANIA IN ALLENTOWN, BETHLEHEM, DICKSON CITY, EAST STROUDSBURG, EASTON, HAZLETON, LEHIGHTON, AND POTTSVILLE. THESE SUBSIDIARY HOSPITAL ORGANIZATIONS INCLUDE LEHIGH VALLEY HOSPITAL (LVH), LEHIGH VALLEY HOSPITAL - COORDINATED HEALTH ALLENTOWN, LEHIGH VALLEY HOSPITAL - SCHUYLKILL (LVH-S), NORTHEASTERN PENNSYLVANIA HEALTH CORPORATION DBA LEHIGH VALLEY HOSPITAL - HAZLETON (LVH-H), AND POCONO HEALTH SYSTEM, WHICH SERVES AS THE PARENT ORGANIZATION TO POCONO MEDICAL CENTER DBA LEHIGH VALLEY HOSPITAL - POCONO (LVH-P).LEHIGH VALLEY HEALTH NETWORK'S PHYSICIAN PRACTICE SUBSIDIARY ORGANIZATION IS LEHIGH VALLEY PHYSICIAN GROUP (LVPG), WHICH SERVES AS THE PARENT ORGANIZATION TO HAZLETON PROFESSIONAL SERVICES DBA LEHIGH VALLEY PHYSICIAN GROUP - HAZLETON (LVPG-H), SCHUYLKILL HEALTH SYSTEM MEDICAL GROUP DBA LEHIGH VALLEY PHYSICIAN GROUP - SCHUYLKILL (LVPG-S), AND FAMILY CARE CENTERS, INC. DBA LEHIGH VALLEY PHYSICIAN GROUP - POCONO (LVPG-P). ALSO INCLUDED AS A SUBSIDIARY PHYSICIAN PRACTICE ORGANIZATION IS LVHN COORDINATED PROFESSIONAL PRACTICE.ADDITIONAL SUBSIDIARY ORGANIZATIONS INCLUDE HAZLETON HEALTH AND WELLNESS CENTER, LEHIGH VALLEY ANESTHESIA SERVICES, P.C., LEHIGH VALLEY HEALTH NETWORK ACCOUNTABLE CARE ORGANIZATION LLC, LEHIGH VALLEY HEALTH NETWORK EMERGENCY MEDICAL SERVICES, LEHIGH VALLEY HEALTH NETWORK REALTY HOLDING COMPANY, INC., LVHN AMBULATORY SURGERY CENTER OF LOPATCONG, INC., LVHN SCRANTON ORTHOPEDIC SPECIALISTS, MUHLENBERG REALTY CORPORATION, AND SCHUYLKILL REHABILITATION CENTER DBA LEHIGH VALLEY HEALTH NETWORK REHABILITATION CENTER - SCHUYLKILL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Malloy PHD Chair/trustee | OfficerTrustee | 4 | $0 |
Steven R Follett MBA Vice Chair/trustee | OfficerTrustee | 4 | $0 |
Katherine E O'brien Vice Chair/trustee | OfficerTrustee | 4 | $0 |
John D Stanley ESQ Vice Chair/trustee | OfficerTrustee | 4 | $0 |
Brian A Nester DO President/trustee/chief Executive Officer | OfficerTrustee | 2 | $0 |
Thomas Marchozzi MBA CPA Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $3,124,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,217,374 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,615,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,630 |
| Pension plan accruals and contributions | $16,334 |
| Other employee benefits | $46,354 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,297 |
| Fees for services: Other | $14,662 |
| Advertising and promotion | $0 |
| Office expenses | $1,134 |
| Information technology | $324 |
| Royalties | $0 |
| Occupancy | $112,255 |
| Travel | $44 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $19,832 |
| Total functional expenses | $1,773,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,733,283 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,320,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $20,375,131 |
| Intangible assets | $7,091,769 |
| Other assets | $6,771,175 |
| Total assets | $42,292,280 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $42,292,280 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $42,292,280 |